Obligations of the Seller. The obligations of the Seller under this Agreement will not be affected by reason of any invalidity, illegality or irregularity of the 2018-B Exchange Note or any 2018-B Lease or 2018-B Vehicle allocated to the 2018-B Reference Pool.
Obligations of the Seller. The obligations of the Seller under this Agreement will not be affected by reason of any invalidity, illegality or irregularity of the 2020-B Exchange Note or any 2020-B Lease or 2020-B Vehicle allocated to the 2020-B Reference Pool.
Obligations of the Seller. Any Person (a) into which SLM ECFC may be merged or consolidated, (b) which may result from any merger or consolidation to which SLM ECFC shall be a party or (c) which may succeed to the properties and assets of SLM ECFC substantially as a whole, shall be the successor to SLM ECFC without the execution or filing of any document or any further act by any of the parties to these Master Terms; provided, however, that SLM ECFC hereby covenants that it will not consummate any of the foregoing transactions except upon satisfaction of the following: (i) the surviving Person, if other than SLM ECFC, executes an agreement of assumption to perform every obligation of SLM ECFC under these Master Terms, each Purchase Agreement and each Xxxx of Sale; (ii) immediately after giving effect to such transaction, no representation or warranty made pursuant to Section 5 shall have been breached; (iii) the surviving Person, if other than SLM ECFC, shall have delivered to the Interim Eligible Lender Trustee an Officers’ Certificate and an Opinion of Counsel each stating that such consolidation, merger or succession and such agreement of assumption comply with this Section and that all conditions precedent, if any, provided for in these Master Terms relating to such transaction have been complied with, and that the Rating Agency Condition shall have been satisfied with respect to such transaction; and (iv) if SLM ECFC is not the surviving entity, SLM ECFC shall have delivered to the Interim Eligible Lender Trustee an Opinion of Counsel either (A) stating that, in the opinion of such counsel, all financing statements and continuation statements and amendments thereto have been executed and filed that are necessary fully to preserve and protect the interest of Funding and the Interim Eligible Lender Trustee, respectively, in the Purchased Loans and reciting the details of such filings, or (B) stating that, in the opinion of such counsel, no such action shall be necessary to preserve and protect such interests.
Obligations of the Seller. The obligations of the Seller under this Agreement shall not be affected by reason of any invalidity, illegality or irregularity of any Mortgage Loan.
Obligations of the Seller. The Seller agrees with the Representative and each of the Underwriters, for the sole and exclusive benefit of the Representative and each such Underwriter, the Representative and each such Underwriter’s officers and directors and each person controlling the Representative and each such Underwriter within the meaning of the Act, and not for the benefit of any assignee thereof or any other person or persons dealing with such Underwriter as follows: in consideration of and as an inducement to their agreement to purchase the Notes from the Depositor, to indemnify and hold harmless the Representative and each Underwriter against any failure by the Depositor to perform its obligations to the Representative and the Underwriters hereunder, including, without limitation, any failure by the Depositor to honor any obligation to the Representative or any Underwriter pursuant to Section 7 hereof. In the case of any claim against the Seller by the Representative or any Underwriter, any officer or director of the Representative or any Underwriter or any person controlling the Representative or any Underwriter, it shall not be necessary for such claimant to first pursue any remedy from or exhaust any procedures against the Depositor. If the foregoing is in accordance with your understanding of our agreement, please sign and return to us a counterpart hereof, whereupon, it will become a binding agreement between the Depositor and the Underwriter, upon the Representative’s execution of this Agreement, in accordance with its terms. Very truly yours, FIELDSTONE MORTGAGE INVESTMENT CORPORATION, as Depositor By: Name: Title: The foregoing Agreement is hereby confirmed and accepted as of the date first above written. [REPRESENTATIVE OF THE UNDERWRITERS] By: Name: Title: Authorized Signatory [Signature Page One to Fieldstone 200[]-[] Underwriting Agreement] Agreed to as to Section 18: FIELDSTONE INVESTMENT CORPORATION By: Name: Title: Schedule I FIELDSTONE MORTGAGE INVESTMENT CORPORATION FIELDSTONE MORTGAGE INVESTMENT TRUST, SERIES 200[ ]-[ ] MORTGAGE-BACKED NOTES, SERIES 200[ ]-[ ] SUMMARY OF TERMS [ ], 200[ ] To: Fieldstone Mortgage Investment Corporation, as Depositor under the Transfer and Servicing Agreement dated as of [ ], 200[ ] Re: Underwriting Agreement dated as of [ ], 200[ ] Title: Fieldstone Mortgage Investment Corporation Mortgage-Backed Notes, Series 200[ ]-[ ], Class [ ] Notes Principal Amount: $[ ] (approximate)
Obligations of the Seller. The obligations of the Seller under this Agreement will not be affected by reason of any invalidity, illegality or irregularity of the 20[__]-[_] Exchange Note or any 20[__]-[_] Lease or 20[__]-[_] Vehicle allocated to the 20[__]-[_] Reference Pool.
Obligations of the Seller. 6.1. You shall create and maintain all records of all the Products listed on the Website and also for those purchased by the Buyers through the Website, including all taxes, returns, refunds, etc., as may be required for various purposes including regulatory compliances and for the Website’s Buyer’s service purposes.
Obligations of the Seller. 4.1 The SELLER agrees to give the BUYER the exclusive right to sell, export and import the goods according to Appendix no. 1 in the following countries: Romania, Hungary, Bulgaria, Serbia, Moldavia and Ukraine.
Obligations of the Seller. Seller hereby acknowledges the assignment and assumption of the rights and obligations of REI under the Purchase Agreement by the Assignee. Seller further acknowledges and affirms that the representations, warranties, covenants and agreements of Seller contained in the Purchase Agreement, including without limitation, the obligation to indemnify the REI Indemnified Parties shall inure to the benefit of the Assignee to the same extent as though the Assignee were a party to the Purchase Agreement.
Obligations of the Seller. The Seller agrees that subsequent to the date hereof and prior to the Closing Date:
